The Coca-Cola (KO) PT Set at $47.00 by Macquarie

The Coca-Cola (NYSE:KO) has been given a $47.00 price target by stock analysts at Macquarie in a report released on Wednesday. The brokerage currently has a “neutral” rating on the stock. Macquarie’s price objective indicates a potential upside of 3.05% from the company’s current price.

A number of other research firms have also weighed in on KO. Morgan Stanley set a $50.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $50.00 price objective on shares of The Coca-Cola in a research note on Thursday, July 26th. Jefferies Financial Group reissued a “hold” rating and set a $48.00 price objective on shares of The Coca-Cola in a research note on Friday, August 31st. Wells Fargo & Co reissued a “buy” rating and set a $52.00 price objective on shares of The Coca-Cola in a research note on Wednesday, September 5th. Finally, Societe Generale set a $49.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research note on Monday, August 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The Coca-Cola currently has a consensus rating of “Hold” and a consensus price target of $50.74.

NYSE KO opened at $45.61 on Wednesday. The firm has a market cap of $195.63 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 2.89 and a beta of 0.75. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The Coca-Cola has a fifty-two week low of $41.45 and a fifty-two week high of $48.62.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.54 billion. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. Equities analysts anticipate that The Coca-Cola will post 2.07 EPS for the current year.

In related news, VP Kathy N. Waller sold 48,354 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total value of $2,246,043.30. Following the sale, the vice president now owns 200,725 shares in the company, valued at approximately $9,323,676.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Murphy sold 56,000 shares of the business’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $46.48, for a total value of $2,602,880.00. Following the completion of the sale, the insider now owns 140,869 shares in the company, valued at approximately $6,547,591.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 215,822 shares of company stock worth $10,027,727. Corporate insiders own 1.48% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Clarus Wealth Advisors purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at $101,000. WP Advisors LLC purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at $107,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at $116,000. Westbourne Investment Advisors Inc. purchased a new stake in shares of The Coca-Cola in the 3rd quarter valued at $117,000. Finally, Fort L.P. purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at $122,000. Hedge funds and other institutional investors own 65.38% of the company’s stock.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Analyst Recommendations for The Coca-Cola (NYSE:KO)

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